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Wells Fargo Tumbles After Missing Across The Board; Loans, Deposits Slide

Unlike JPM, which started off Q2 solidly, if with some weakness in loan creation, rapidly rising deposit costs, and a missing outlook page, Wells ...


Import Prices Slide In June As Export Prices Surge Most Since 2011

Don't blame China... US Import prices tumbled 0.4% MoM (against expectations of a 0.1% rise) - the biggest drop since Feb 2016's global growth sc ...


In need of medication

In Trump-era US, reality sure beats fiction in the worst way possible, day after day. Advertisements


122 Straight Months Of Negative Cost Money—-The Mother’s Milk Of Speculation

 


What is the scale of the Turkish economic problem

Recently I watched a BBC Four documentary series on the House of Osman or as we call it the Ottoman Empire which extended into south-east Europe a ...


Memo To Fed: 2.00% Inflation Of What?


Middle Class-Boosting Reform for the U.S. Welfare and Tax System

Not long ago, economics textbook magnate Greg Mankiw excerpted some analysis and featured a simple bit of math on his blog related to the magnitud ...


Hedge Fund Billionaire Singer To Hold On To AC Milan

Last weekend we reported that as part of the failure of a Chinese investor's inability to make a €32 million debt owed to Paul Singer's Elliott Ma ...


'Fake' Saudi Prince Busted After Being Caught Eating Pork

A confidence man who defrauded victims of millions of dollars while posing as a Saudi Prince was exposed after a Miami hotelier witnessed the impo ...


12/7/18: Technology, Government Policies & Supply-Side Secular Stagnation

I have posted about the new World Bank report on Romania's uneven convergence experience in the previous post (here). One interesting chart in the ...


12/7/18: Romania's Uneven convergence Path: 2007-2018

A new World Bank report, led by Donato De Rosa, covers Romania's reforms and economic development experience. Worth a read! |"From Uneven Growth t ...


Another Billionaire Warns "We're Running Out Of Gold"

A few months ago SovereignMan.com's Simon Black published a note explaining that major gold discoveries are shrinking. Simply put, mining compa ...


Stock Markets See the US Winning the Trade War, Defying Corporate Lobby & Media Propaganda

Moody’s chimes in.


Steve Cohen Invests In Crypto Hedge Fund

It may have lost much of its euphoric luster mood in 2018, but that doesn't mean that the crypto space has been abandoned by institutional investo ...


Sacramento Housing in June: Sales Down 3.1% YoY, Active Inventory up 26% YoY

Friday:• At 10:00 AM ET, University of Michigan's Consumer sentiment index (Preliminary for July).• At 11:00 AM, Federal Reserve Monetary Policy R ...


SEC Investigating Why Facebook Didn't Disclose Cambridge Analytica Data Breach

After reporting earlier this month that the Securities and Exchange Commission had joined the federal investigation into Facebook over its failure ...


Stocks and Precious Metals Charts - The Love of Most Will Grow Cold - Crouching Tiger, Stagnant Wages

"Britain has followed the US model closely.  Political decisions within both countries have had highly predictable results, and we are now fated t ...


CPI, EM export growth, Corporate debt growth, QE

Still looks to me like the rate increases have offered some support for the economy and also pushed cpi higher? Interest income channels? Forward ...


Don't mistake this site for a chat room

I had a number of questions and comments from my last post (see Wall Street: Where the Wild Things are) when I wrote that my trading account, whil ...


Trade Tumult Sparks Safe-Haven Bid For US Bonds & Mega-Cap Tech Stocks

Investors chose to 'barbell' their portfolios today (if you want to believe that such a thing as 'investors' exist) - seeking protection from trad ...


Chaos Erupts After Gohmert Asks Strzok About "Looking Into His Wife's Eyes" While Lying About Lisa Page

Chaos erupted during Thursday's joint hearing before the House Judiciary and Oversight Committees when Rep. Louie Gohmert (R-TX) asked FBI officia ...


Treasury Sells Tailing 30Y Bonds At Lowest Yield Since January

Concluding this week's US bond sales, moments ago the US Treasury sold $14 billion in a 30 Year reopening of Cusip SC3 at a high yield of 2.958%, ...


Stocks Dip As Mnuchin Admits Trade Talks With China Have Broken Down

Confirming the same headline from yesterday, Treasury Secretary Stephen Mnuchin warned today that "many of our trade talks with China have broken ...


But Who Pays the Price of All This Inflation?

We already know who.


CFTC Approves Record $30 Million Award For JP Morgan Whistle-Blower

The CFTC has finally approved what is expected to be the largest award in the history of its whistle-blower-awards program: According to Bloomberg ...


Maurice Jackson Interviews Rick Rule – Investing in Natural Resources

  Contrarian Investment Opportunities in Natural Resources Maurice Jackson of Proven and Probable has recently interviewed Sprott U.S. Holdings CE ...


Concentration in the Stock Market

CNBC had a piece this week that looked at how top heavy returns in the stock market have been this year. They showed 3 stocks — Amazon, Netflix an ...


NYSE Double Downs on a Bad Bet

  It really is sad to watch the once venerable New York Stock Exchange continue to stoop to new lows in order to protect their fragmented and conf ...


These Charts Prove It’s Time to Break Up the Big Wall Street Banks

These Charts Prove It’s Time to Break Up the Big Wall Street Banks By Pam Martens and Russ Martens: July 12, 2018 ~   According to a statistical r ...


Billions of Starbucks' Straws and All the Plastic in the Earth's Oceans

On 9 July 2018, Starbucks (NASDAQ: SBUX) announced that it would eliminate all its plastic straws, globally, by 2020. Here's the key snippet from ...


When I’m 104

[h/t Jeanette Meyer] Advertisements


When I’m 64

 


Nine Politicians In Fancy Robes: How The Supreme Court Has Usurped Too Much Power

The current frenzy over the vacancy on the Supreme Court in the wake of Justice Kennedy’s retirement highlights just how much power has been centr ...


US Yield Curve Continues Flattening To 26.4 BPS As Net Shorts in 10-year Treasury Futures Hit Record Levels

It is difficult to predict how the trade scuffles between the US, China and Europe will play out. But what we do know is that the US Treasury 10Y- ...


BLS: CPI increased 0.1% in June, Core CPI increased 0.2%

From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0 ...


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